Eventbrite (NYSE:EB) Earns “Neutral” Rating from B. Riley

Eventbrite (NYSE:EB)‘s stock had its “neutral” rating reiterated by stock analysts at B. Riley in a research report issued to clients and investors on Friday. They presently have a $3.50 price objective on the stock, down from their prior price objective of $5.00. B. Riley’s price target suggests a potential upside of 13.09% from the stock’s previous close. B. Riley also issued estimates for Eventbrite’s FY2026 earnings at $0.12 EPS, FY2027 earnings at $0.14 EPS, FY2028 earnings at $0.29 EPS and FY2029 earnings at $0.45 EPS.

Separately, BWS Financial reissued a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eventbrite has a consensus rating of “Hold” and a consensus target price of $6.33.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $3.10 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The business’s 50 day moving average price is $3.40 and its 200 day moving average price is $3.28. Eventbrite has a one year low of $2.51 and a one year high of $6.17. The company has a market cap of $299.85 million, a price-to-earnings ratio of -34.39 and a beta of 2.27.

Insider Activity

In related news, COO Charles Baker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the sale, the chief operating officer now owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 21.46% of the company’s stock.

Institutional Investors Weigh In On Eventbrite

A number of large investors have recently modified their holdings of the company. Nantahala Capital Management LLC increased its holdings in Eventbrite by 76.5% in the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after buying an additional 2,569,747 shares during the last quarter. Winslow Capital Management LLC acquired a new position in shares of Eventbrite during the 4th quarter worth about $7,962,000. Two Sigma Investments LP increased its holdings in shares of Eventbrite by 151.7% in the 4th quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company’s stock valued at $4,129,000 after acquiring an additional 740,717 shares during the last quarter. Whetstone Capital Advisors LLC lifted its stake in Eventbrite by 74.6% during the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock worth $3,911,000 after purchasing an additional 612,173 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Eventbrite by 58.6% in the fourth quarter. Two Sigma Advisers LP now owns 1,312,100 shares of the company’s stock valued at $4,409,000 after purchasing an additional 484,800 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

About Eventbrite

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.